Why JD.com Stock Was Sliding Today
Shares of JD.com (NASDAQ: JD) were falling today after the Chinese e-commerce company issued a second-quarter earnings report that beat estimates, but broader fears about China weighed on the stock.
As of 11:58 a.m. ET on Wednesday, the stock was down 3.2%.
JD, which is China's biggest direct online retailer, said that revenue in the quarter rose 7.6% to $39.7 billion, which topped estimates at $38.71 billion. Service revenue, which includes its third-party marketplace and logistics businesses, was up 30.1% to $7.5 billion.
Source Fool.com
